Trendy Apartments/Condos Downtown Cleveland
Does anyone have experience buying and renting any of the condos in the Warehouse District of Cleveland? I'm curious about why there is such a big variance in rent and if the properties are cash flowing for you.
I've only ever purchased one single family home, so I don't have a lot of experience. On paper they seem like they would be easier to manage. I appreciate the lower maintenance, but I understand I'd be paying for much higher HOA ($800 in some cases). Rents appear to be in the 1500 - 2000 range, and the properties run ~ 100-130k for a two bedroom.
Thank you very much for any insights or guidance!